Shall we call it ‘stockens’?

• 500-backed Web3 startup Dinari has announced a US$7.5M seed investment round, ahead of the launch of its dShare platform.
• Tokenizing real-world assets (RWA) is becoming popular both within the web3 community and traditional financial institutions. Hamilton Lane, an investment-management firm with $824 billion in assets under management and supervision, has now provided access to two of its funds through Securitize on the Polygon blockchain.
• dShare gives users outside the US access to securities like Apple or Tesla stock using a wallet on the Arbitrum network, shared Jake Timothy, Dinari Co-founder and Chief Technology Officer.
• Each dShare token is 1-1 backed, similar to stablecoins like USDC or Tether. Dinari dShares are redeemable through sell orders for the current value of the underlying shares held in the vault accounts.
• “Our transparency page is accessible for anyone to view, and we also provide a live feed of our brokerage accounts so that our users can have every confidence in our 1-1 backing. Furthermore, we are working with regulators from all around the world to ensure that our offering complies with rigorous regulatory compliance requirements,” said Chas Rampenthal, Dinari Co-founder and Chief Legal Officer.
• Read the full feature here.